In 2012 – according to preliminary cash flow data – it is almost certain that the deficit target of 2.7 percent assumed for 2012 and calculated by EU methodology will be achieved. The accrual-based ESA95 deficit published recently by the Hungarian Central Statistical Office (KSH) also confirms this assumption. On the basis of data it can be concluded that the government sector deficit as a percentage of GDP was the lowest in Q3 2012 since Q1 19991 and it is 5 percentage points lower compared to the figure of the corresponding period of 2011.

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(Ministry for National Economy)